SEC taps Gibson Dunn lawyer to lead corporation finance division

Core Insights - The SEC has appointed James J. Moloney as the new director of the Division of Corporation Finance, effective next month, with a focus on enhancing corporate governance and disclosure practices [8] - The leadership change aligns with the SEC's shift in priorities under President Trump, moving towards a less aggressive regulatory stance, particularly in areas like cryptocurrency [4][7] - Moloney brings extensive experience from his previous tenure at the SEC and his long career at Gibson Dunn, where he specialized in corporate governance, disclosure rules, and mergers and acquisitions [5][6] Division of Corporation Finance - The Division of Corporation Finance is responsible for ensuring that investors receive necessary information for informed investment and voting decisions, particularly during public offerings and ongoing disclosures [3] - The division selectively reviews documents filed by companies during public offerings, business combinations, and proxy solicitations to uphold transparency [3] Leadership and Regulatory Focus - SEC Chairman Paul Atkins emphasized Moloney's extensive experience and understanding of corporate governance, indicating a supportive approach towards innovation and capital formation [8] - Moloney expressed his commitment to developing a clear regulatory framework that benefits both companies and investors, highlighting the need for practical and effective regulations [6]